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Why Are We Afraid to Tax the Super-Rich?

The super-rich are still having a ball. Mega-investor Warren Buffett write to his shareholders, “We’ve put a lot of money to work during the chaos of the last two years. When it’s raining gold, reach for a bucket, not a thimble.” And Forbes Magazine adds, “Many plutocrats did just that. Indeed, last year’s wealth wasteland has become a billionaire bonanza. Most of the richest people on the planet have seen their fortunes soar in the past year.” This article describes how those gains were made in the "Wall Street casino" rather than in investment in factories, equipment and services, and makes a case for increasing taxes on the super-rich...a controversial stand, but with a rational basis.
Published On:	3/12/2010
Submitted On:	3/13/2010 7:35:02 AM by Frank K
Categories:	Taxes

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